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Author Topic: Before investing on meme coin or shitcoins consider this.  (Read 1075 times)
barlo357
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May 27, 2023, 07:34:33 PM
 #81

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.

2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.

3. Be realistic and don't join the FOMO since this could lead up losing your money.

4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.

5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.


1. It was just money grab made by whales.
2. Called themselves devs without having software engineering skills, maybe social engineering for how many gullible people they made exit liquidity.
3. The better move is to make your position early and if it passed already few hours, don't enter.
4. Diamond hands until the volume is going down which is a good indicator to sell out first before anyone does.
5. Unrealized gains are nothing until you sell and that is where you made a real profit.

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May 27, 2023, 11:09:52 PM
 #82

The pancakeswap exchange has always been the spawn of all scams, because the listing conditions on this exchange are the most suitable for listing such junk coins. According to my observations, memcoin will bring great profits only when it goes beyond decentralized exchanges. Once listed on large centralized exchanges, memcoins always skyrocket in value and provide decent liquidity to profit at current prices. On decentralized exchanges, there is very often a liquidity problem when the price of a token has risen many times over.
The worst idea any investor might face is buying meme coins listed on DEX, such as Pancakeswap, Uniswap, quickswap, and other alternatives. Most of these meme coins are rug pulls coins, and anyone can easily create a currency, modify the address of its contract, list it on DEX, and add liquidity to it. After the currency owner collects sufficient liquidity from currency investors, he withdraws the liquidity, and the meme coin turns zero. CEX platforms can be safer, but the risk is that the currency and its pairs can be delisted when the exchange platform team finds significant instability in the prices. It rises with hype, and after it subsides, you see its price in red. I have no certainty about meme coins, and I am not interested in investing in them because thousands of promising currencies have actual use and factual projects in the market.

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WalkerIVIV
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May 27, 2023, 11:17:25 PM
 #83

one thing for sure is when investing in these meme coin just considers your money gone thats it.
then eventually if the investment give back some profits, consider it as a bonus, it's that simple, but many are overly expectant.

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May 27, 2023, 11:17:57 PM
 #84

I agree with all your words. I don't even recommend long-term investment in Doge even though Doge is supported by the richest man today named Elon Musk. Elon is also an entrepreneur and at any time his business could go bankrupt and other possibilities he could switch to supporting other projects and leave Doge. If this does happen maybe the price of Doge will drop dramatically. meme coin unlike altcoins with utility there is no reason for someone to hold meme coin except for hype reasons. Most of the meme coins also don't have competent team and also unclear roadmap, in other words the reason meme coins have a price is just hype.

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May 27, 2023, 11:39:13 PM
 #85

Every meme coin going to listing pancakeswap exchange so how believe there service? They never spend money to listing paid exchange with very poor developed. If you have big assets then you can take risk buying shitcoins otherwise forget it. But a green market should make profits by all shitcoins users.

The meme coins were mostly come from poor developers. Listing on cex needs money. that's why poor developers will always try to wait its token to get enough liquidity and they will dump their token to get it to be used to list in the exchange site.
That's how the game is playing this time.

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JeffBrad12
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May 28, 2023, 12:16:58 AM
 #86

Every meme coin going to listing pancakeswap exchange so how believe there service? They never spend money to listing paid exchange with very poor developed. If you have big assets then you can take risk buying shitcoins otherwise forget it. But a green market should make profits by all shitcoins users.
there is reason some meme coins reserved some portion of their coins for "developing and marketing" purposes that's for them to get listed in exchange, I don't think most of meme coin will get real development going on after making their coin public anyway.
so basically the developers are just testing the water first, and sees whether their meme coin turns out to be success and generating massive liquidity from the liquidity added by the "potential" investors out there and dumps their coin for the opportunity of listing their token in famous exchange,
after all if they instead tries to dump their coin for their own purpose many would be alerted that this coin might be just scam and have the potential to make some rugpulls.
the exchange listing usually comes after the coin become famous.

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May 28, 2023, 01:44:51 AM
 #87

I must say that these tips are worth considering as the market is getting flooded with several meme tokens. If we look closely, we'll remember that it's the hype for dogecoin that resulted in this meme coin craze, but we need to understand that there's no value attached to meme coin, it's only a joke as its sounds and it would be careless to attach great importance and value to jokes.
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May 28, 2023, 04:23:59 AM
 #88

Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.

1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.

2. Never believe about devs promises since they are not really there to help you but they want to scam people and want o get rich quickly.

3. Be realistic and don't join the FOMO since this could lead up losing your money.

4. Never believe on people telling you to hold or even buy more they just want their target to get hit and for sure they will dump it without your knowledge so sell first before other do so that you will not end up chasing pumps to gain back your capital.

5. Most important of all became a smart investor and never doubt on possible profit which is not in your hands. Always be grateful on profit big or small since this could give you contentment and became always bullish on your investment.

Nahhh. Just don't invest into shitcoins. That's all.
You know that shitcoins are just there for the hype right? Why care to throw some of your money in investing into them if you already know that there's a huge risk if you're investing into it. Anyways, I will comment to all 5 that you said.

1. I don't know any shitcoins out there who have been lasted for like years in the crypto space because most of them are either a rug pull shitcoin, or just a dumped coin. As for meme coins, we've seen already DOGE, and SHIB that has been at the top in terms of market cap for years already especially DOGE, and now we are seeing a new meme coin in PEPE. Overall, I will not hold any of either meme coin or shitcoins for mid to long term.

2. I've seen some devs that has been into a project that has been considered one of the best by some investors, and has been trusted by them, but in the end, they lost their money. In general, whether it is a shitcoin, or a meme coin or just a new project, never ever trust the developers.

3. You will not learn unless you will either experience it yourself, or you will listen to the experience of others. Newbies are more often the ones who are getting FOMO'ed because of lack of experience, and knowledge as well. Anyway, FOMO is another way for an investor to lose their money.

4. At first place, why you let other people decide for your investment. As an investor, it's a must that you, and only you are the one that will decide with your own investments, and not others. If you follow other people with what they are saying, chances of you losing money is high, and you can't blame them if you followed them because they will say "Not a Financial Advice. Do at your own risk."

5. For an investor to be a smart one, s/he must learn anything not only Bitcoin, but in investing in general. All of the things that an investor must do in order for them not to get scammed. As for profits, unfortunately there are some investors who aren't contented on their profits, and they want to invest more as they gain profits. It's good for me that I learned how to be contented with regards to profits already because I believe that opportunities in cryptocurrency are happening more often than that on the stock market. Because crypto is more volatile, it has a higher chance for me, and for others to gain profit.

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May 28, 2023, 12:08:21 PM
 #89

We all need to be careful in our decision regarding buying meme coins and holding for long term. I personally won't advise anyone to see meme coin as a good store of value because the market is basically a pump and dump scheme. The best approach us to trade the coin on a short term basis and always remember that this is not a financial advise as I'm only sharing an opinion.
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May 28, 2023, 04:22:02 PM
 #90

The pancakeswap exchange has always been the spawn of all scams, because the listing conditions on this exchange are the most suitable for listing such junk coins. According to my observations, memcoin will bring great profits only when it goes beyond decentralized exchanges. Once listed on large centralized exchanges, memcoins always skyrocket in value and provide decent liquidity to profit at current prices. On decentralized exchanges, there is very often a liquidity problem when the price of a token has risen many times over.
The worst idea any investor might face is buying meme coins listed on DEX, such as Pancakeswap, Uniswap, quickswap, and other alternatives. Most of these meme coins are rug pulls coins, and anyone can easily create a currency, modify the address of its contract, list it on DEX, and add liquidity to it. After the currency owner collects sufficient liquidity from currency investors, he withdraws the liquidity, and the meme coin turns zero. CEX platforms can be safer, but the risk is that the currency and its pairs can be delisted when the exchange platform team finds significant instability in the prices. It rises with hype, and after it subsides, you see its price in red. I have no certainty about meme coins, and I am not interested in investing in them because thousands of promising currencies have actual use and factual projects in the market.

So the thing is that buying on DEX exchanges is the most promising for memcoin gems hunters. While memcoin is not listed on CEX, it has not risen in price much and thus there is a chance to make money. This is a very delicate point and is more calculated on luck. If memcoin gets to the centralized exchange, your scenario with deletion because of the price difference is very unlikely. It makes no sense to pay exchanges a lot of money for listing your project to take all the liquidity out of it later. Such behavior of coins happens only on DEXs, because the cost of listing such projects is zero.

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May 30, 2023, 08:44:47 PM
 #91

We all need to be careful in our decision regarding buying meme coins and holding for long term. I personally won't advise anyone to see meme coin as a good store of value because the market is basically a pump and dump scheme. The best approach us to trade the coin on a short term basis and always remember that this is not a financial advise as I'm only sharing an opinion.
For newbies this is very difficult to do, as they cannot stop to look for the biggest winners on the last 24 hours and they cannot help to think about all the money they could make if they just invested in those coins, but what they do not realize is that if they look for the same coin a few days later they will see that coin suffering massive losses during a 24 hour period, however since they believe themselves to me smart enough to sell before that then they cannot help themselves and keep looking for meme coins in which to invest.
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May 30, 2023, 10:14:14 PM
 #92

We all need to be careful in our decision regarding buying meme coins and holding for long term. I personally won't advise anyone to see meme coin as a good store of value because the market is basically a pump and dump scheme. The best approach us to trade the coin on a short term basis and always remember that this is not a financial advise as I'm only sharing an opinion.
For newbies this is very difficult to do, as they cannot stop to look for the biggest winners on the last 24 hours and they cannot help to think about all the money they could make if they just invested in those coins, but what they do not realize is that if they look for the same coin a few days later they will see that coin suffering massive losses during a 24 hour period, however since they believe themselves to me smart enough to sell before that then they cannot help themselves and keep looking for meme coins in which to invest.
Many people consider this a gem and think that they become rich from investing in meme coins. But instead, they are dragging themselves towards an investment that gives them losses. Maybe some investors who have a long market experience and already participating in hypes before could make a profit from this but for newbies, that's something I've worried about because there is a big chance that they would lose their money than make a profit. And much more for those who invest for long-term thinking it pump during the bull season.

R


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May 31, 2023, 03:21:48 AM
 #93

Most of the meme coins are no utility and absolutely no use in the long term.
But, If you are in a inner circle of meme coin (devs and their friends) then you can make serious money. If not then you will lose money.
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June 01, 2023, 02:59:11 PM
 #94

We all need to be careful in our decision regarding buying meme coins and holding for long term. I personally won't advise anyone to see meme coin as a good store of value because the market is basically a pump and dump scheme. The best approach us to trade the coin on a short term basis and always remember that this is not a financial advise as I'm only sharing an opinion.
If one thinks of making money by investing in meme coins then it will be very foolish. I think we can buy meme coins as a hobby but it is not for long term holding then if one invests in it he will not be able to make money. We have to see that we should invest in all the coins that will make us profitable.

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June 01, 2023, 03:39:20 PM
 #95

We all need to be careful in our decision regarding buying meme coins and holding for long term. I personally won't advise anyone to see meme coin as a good store of value because the market is basically a pump and dump scheme. The best approach us to trade the coin on a short term basis and always remember that this is not a financial advise as I'm only sharing an opinion.
If one thinks of making money by investing in meme coins then it will be very foolish. I think we can buy meme coins as a hobby but it is not for long term holding then if one invests in it he will not be able to make money. We have to see that we should invest in all the coins that will make us profitable.
Investing in meme coins for long term is too risky and not worth it,
for sure it's not the right choice and in the end it's just a waste of time so consider it before doing that,
the best option is still investing in Bitcoin or Ethereum and it is much safer.

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June 01, 2023, 11:44:38 PM
 #96

Every meme coin going to listing pancakeswap exchange so how believe there service? They never spend money to listing paid exchange with very poor developed. If you have big assets then you can take risk buying shitcoins otherwise forget it. But a green market should make profits by all shitcoins users.
Buy during the green candle will become the worst idea. It will be dumped to the ground easily. think about that. Any dex has become the place where meme coin is trading since cex will not be listing the meme coin easily.
Im not surprising to see that happens with it. That's why dex was always become heaven for meme coin.

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June 02, 2023, 12:05:36 AM
 #97

the truth is that meme coins need a famous person to support the meme coin so that it can go up, the case of doge coin only went up a lot because it had a lot of support from a certain people that we all know his name and we all know that this billionaire person just started supporting doge coin because he couldn't manipulate bitcoin so he went to where he could easily manipulate it, this is something extremely dangerous for a coin, but as people just want to make a profit and are not worried about serious achievements like these

so people started buying meme coins and just want to know about their profits, things like whether or not someone is manipulating the meme currency or if it was a pump and dump scheme people don't care about that kind of thing i I am sometimes wondering if they are not afraid of losing all their money in this scheme, but when I see them on the internet saying that they have been holding a meme altcoin for many months, then I immediately understand that they are not worried about losses, that became a game for many people and not a long term investment, being seen as a game people only expect two outcomes
 
that are making a lot of money or losing a lot of money, they don't expect any other result than that. this is the view many people have of meme coins. don't look at meme coins as something serious that they hope will exist in a few years, that's not something that matters to people, at least that's what I could see

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June 02, 2023, 03:11:13 AM
 #98

well, that's a good suggestion, and I think most people already understand this. however, due to the high hype and fluctuation, as well as the low price, people take advantage of the short of meme coins, and try to take profits there. It has a high risk with a fairly high return. however, the high risk of meme coins is a really high risk. we don't know when the coin will become completely worthless, because it is not recommended to hold it in the long term, especially for new meme coins.

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June 04, 2023, 09:03:33 AM
 #99

investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.

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June 04, 2023, 02:53:42 PM
 #100

Thanks and all that you mentioned are the best proactive measures to stay safe from being in the wrong cojn investments,  indeed the hype on meme coins have been on the increase lately and this point to one thing and that is a scam and dump party about to happen and a lot of investors are going to experience loses.

So best to avoid investing what you are not willing to gamble with,  in fact, don't take meme coins as investments rather take them as just gamble and stake only what you can afford to do away with, be hard the worst experience with hype and shitcoins and now we are educated enough not to ever take them seriously.

Meme coins, often driven by hype and social media trends, can experience extreme volatility and are susceptible to pump-and-dump schemes. These schemes involve artificially inflating the price of a coin through coordinated efforts, only to sell off quickly and leave other investors with significant losses. Many investors have indeed experienced substantial financial losses due to investing in such coins.

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